On Monday, July 6, the DeFi protocol Summer Finance was hit by a sophisticated flash loan and price manipulation attack, resulting in an estimated loss of $6 million. Security Firms Flag Breach Blockchain security firms reported Monday, July 6, a major security breach targeting Summer Finance, a decentralized finance ( DeFi) yield optimization protocol. According […]
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The Indian government has reportedly issued notices to Telegram and Signal over username features, warning they could enable impersonation and fraud, after taking similar action against WhatsApp. Regulatory Scrutiny Expands Over Username Features on Messaging Platforms The Indian government has reportedly issued notices to Telegram and Signal under the Information Technology Act, 2000, and the […]
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Web3 security firm Certik has signed a memorandum of understanding to become an institutional masternode validator for the XDC Network. Hybrid Architecture and Security Controls Web3 security firm Certik has joined the XDC Network as an institutional masternode validator under a newly signed memorandum of understanding, the companies announced. Under the agreement, Certik will deploy […]
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The seizures come after a collaboration of law enforcement groups from Canada, Denmark, Germany, the Netherlands, and the U.S. attacked infrastructure that served criminals using SocGholish, Amadey, and StealC, three key “cybercrime-as-a-service” malware used to collect victims’ info and sensitive data. Europol Cracks Down on Malware-Powered Criminal Infrastructure Networks On Wednesday, Europol announced the completion […]
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Microsoft has alerted about a malware that spreads through flash drives that use Windows shortcut files to infect devices. The so-called “clipper” malware searches for crypto addresses in the clipboard and substitutes them with other addresses controlled by attackers. Microsoft Alerts About Windows Malware That Changes Cryptocurrency Addresses The team behind Microsoft Defender, Windows’ embedded […]
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Crypto users can lose access to legitimate funds when stablecoin issuers and institutions freeze assets because enforcement measures are not always precise enough to distinguish illicit funds from lawful holdings, according to Jan Philipp Fritsche, co-founder of Bermuda. He explained that legitimate users can sometimes be caught up in actions intended to target criminal activity. […]
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Openzeppelin co-founder Manuel Aráoz sparked widespread industry debate by calling decentralized finance ( DeFi) unsafe. Industry leaders counter that Aráoz’s framing overstates the risk, pointing out that DeFi lending security has improved by roughly 98% since 2020. Shifting From Drama to Data When Openzeppelin co-founder and former Chief Technology Officer (CTO) Manuel Aráoz characterized decentralized […]
]]>Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the DeFi community. Circle, the issuer of USDC, appears to have blacklisted the smart contract address belonging to privacy protocol Zama’s Confidential USDC (cUSDC) on Ethereum, locking up approximately $12.6 million in user funds, funds that may have had no direct connection to any alleged wrongdoing. ZachXBT posts the finding to his social channels, noting the blacklist appears to have gone through approximately seven hours before he flags it. By the time the crypto community begins to respond, the funds are already frozen. ZachXBT Catches the
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Certik has launched a new security platform described as an “anti-virus for AI agents” designed to address the growing risks of unvetted third-party AI skill marketplaces. The Security Challenge Blockchain and AI security firm Certik, on May 27, unveiled a new security platform designed to evaluate risks in third-party artificial intelligence (AI) skills. Dubbed the […]
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